Banking profits may rise in second quarter
Bloomberg
Non-performing loans in the industry rose to 4.4 percent of total loans as of April 17 from 3.8 percent at the end of last year, Bilgin said in a telephone interview from the city of Bursa Wednesday. Non-performing credit card debt increased to 8.5 percent of total from 6.5 percent on Dec. 31, he said. Total loans in the industry dropped 5.6 percent, or 20.4 billion liras ($12.7 billion), since mid-September, Bilgin said.
